Credit Check for New Job - Questions

WinstonPiper wrote: ↑ Hi - I’ve been offered a position with a banking institution and I have to go through a bonding process first. My criminal record is fine and my credit score is good (over 700) and my debts are all completely paid off except for my mortgage but I did have some troubles with my OSAP student loans 4-5 years ago where I missed payments, federal and provincial portions were split and through my own ignorance I never stopped making payments but they were all being applied only to federal portion and not provincial. I actually only found out about the provincial portion being in collections/ sold off last year. When I learned of this problem I immediately paid the entire amount owing on the provincial portion, and just finished paying the federal portion this January.

Will this prevent me from being bonded for this job? My credit score is alright and when you look on credit karma/ Equifax it says I have nothing in collections/ nothing legal/ and all debts/ credit cards except mortgage are at $0. I’m just worried can they see the portion on my record that says my provincial student loan had multiple 120 days late payments.

Can anyone ease my mind or give me advice?

Thanks!

ChrisH76905 wrote: ↑
The second type of credit score is more detailed/intensive credit score that shows everything of your finance such as outstanding debt, previous collection history, payment history etc. This type of credit check is mostly used by lenders to make credit decisions (e.g. personal loans, car loans, mortgage), and conducting this type of credit check may or may not affect your credit score.